Wintershall Dea has found gas onshore in Egypt’s Nile Delta and is considering a tie-back to nearby infrastructure at Disouq.
Uganda’s cabinet has approved licences for Uganda National Oil Co. (UNOC) and Australia’s DGR Global, with an initial period of two years.
The company is “still very much Ghana owned”, she said. The law requires such companies to be majority Ghanaian owned.
Explorers are “taking a measured view and holding budgets and activity steady whilst trying to improve overall exploration efficiency”, Westwood said.
The company warned that it would keep watch on its receivables. This, it said, may “impact the capital available for development”.
“It’s practical to hit 2.2mn bpd in 2023, this is practical. It’s a moving target,” Kyari said. “There are a number of projects that I have clear line of sight that can come on board in 2023.”
“Right now, we have close to 64 wells that need to be redrilled, and for this, we cannot find funds. A lot of infrastructure has been designed for a specific period and without funds, we are left with a lot of problems.”
The French company operates 11 fields on- and offshore Congo, producing 25,000 bpd in 2021.
ExxonMobil has won two blocks offshore Egypt, in the Nile Delta, covering more than 11,000 square km.
“We look forward to commencing Apex’s first gas production in 2023 and becoming part of the exciting Egyptian natural gas success story,” he continued.
Smith noted the opposition from shareholders to the Tullow merger. “The message from shareholders was that there was a preference for cash returns over long-term delivery. We listened to that and [the NewMed deal] offers a lot of cashback, while also being energy transition led.”
The Blackford Dolphin arrived in Las Palmas on November 24, 2022, following a delayed departure from Mexico and reduced transit speed.
The AG said this failure would have a “disastrous effect of capital flight and commercial fraud”.
Shelf Drilling has extended the contract on its Shelf Drilling Tenacious jack-up, offshore Angola.
Capricorn Energy has conceded that it expects to hold an EGM on February 1 but has warned shareholders against rejecting its proposed combination with NewMed Energy.
Fenikso, previously known as Lekoil, has settled its disputes with its former CEO, with half its board also stepping down.
Kuwait Energy Egypt will plug and abandon the most recent well on Egypt’s Abu Sennan licence, United Oil & Gas has said.
Invictus may choose to drill Mukuyu-2 this year or the Baobab-1 well. The company has not yet committed.
The company believes that optimisation of the drilling, informed by experience from the MOU-1 well, will keep costs around the same level.
"The signing of these agreements confirms our company's desire to strengthen its partnership with the Gabonese republic and to pursue the development of its activities in Gabon,” said Henri-Max Ndong-Nzue, the head of the Gabonese unit.
Genel is planning to drill a well on the SL10B13 block, in which it has a 51% stake and is the operator.
Minister El-Molla said Egypt had doubled its efforts to attract new investments in the hydrocarbon sector in 2022.
ReconAfrica said that it would wait for results from the geophysical data before drilling the well. It will now begin drilling in late February next year.
Nigeria has announce a mini bid round focused on the deepwater, saying this would be the first of a number of such offerings.
Palliser Capital reports more Capricorn Energy shareholders have backed its plans to remove the board and scrap proposed merger plans with NewMed Energy.